Closing bell: More all-time highs for major US indexes

Strong gains by bank stocks pushed major U.S. indexes to more all-time highs.

The Associated Press

Strong gains by bank stocks pushed major U.S. indexes to more all-time highs.

Banks rallied Tuesday as bond yields rose following comments from Federal Reserve Chair Janet Yellen. Yellen said the Fed was poised to continue raising interest rates, which would help banks earn more from lending money.

It was the sixth straight gain for the benchmark Standard & Poor's 500 index.

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